IREN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCIRENSTOCK_USDT	27.030	+0.0086	pay 0.0086% / 8h	5h 43m	$2.4M	$1.2M	50x	Long MEXC
SHORT	SunXIREN-USDT	27.050	0	0.0000% / 8h	5h 43m	$946	$151K	10x	Short SunX≤10% back

Price gap+0.074%46s

Funding gap−0.0086% /8h

The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 3.5 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$11−0.0086% /8h now · paid +0.108% over the last 7D

Price—spread +0.074%46s now · prices read too far apart to compare

Costs−$1651.652% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.074%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IREN on 23 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size3.8 / 79.1 bp
At $10k entering SunX costs 79.1 bp, fee and slippage, 20.5× MEXC’s.
Note: Margin at max leverage$200 + $1,000
MEXC 50x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$2.58Long MEXC: 3 payments, −$2.58; short SunX: 3 payments, $0.00.
Watch: Prices read 46 s apart+0.074% vs −0.015%
Part of this gap may be the market moving.
Watch: Short leg is thinner$946 vs $2.4M OI
SunX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · SunX No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0051%/8h × 21 periods+$10.77

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$153.18

Fee MEXC bp × 2 orders−$4.00

Fee SunX bp × 2 orders−$8.00

Net · 7 days · $10k−$154.41

price spread not counted: prices read too far apart

Costs to cover1.652%Break-even107.4 days

Slippage: MEXC: live order book, 2 min ago; SunX: live order book, 46 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC1.853.8 bp−$43.8 bp−$3843.7 bp−$4,367176.9 bp−$88.4K

SELL · SHORTSunX49.4679.1 bp−$79doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

IREN news

posts that mention IREN, from every exchangeSearch all news →

10-27 15:07	Vest Markets	Other	Neocloud shares are rebounding from an October selloff, with $NBIS up around 9%, $IREN 6% and $CRWV 5%. Nebius CEO Arkady Volozh said customer advances and other instruments should fund its planned gigawatt, alongside a $3.5B Citi facility and $40B+ in commitments. Trade $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗
10-26 13:30	Vest Markets	Other	Into the open, $CRWV is down around 4%, leading neocloud shares lower with $NBIS and $IREN down around 3%. Elon Musk said Sunday that debt markets have nearly shut off financing for firms lacking non-AI revenue, with 200+ neoclouds facing consolidation. Trade $CRWV and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗
10-15 16:35	Vest Markets	Other	Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗
10-12 07:11	Bitget	Other	$IREN is up 8% overnight, what’s your take on it today? @bitget on X ↗
10-08 15:01	Vest Markets	Other	Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗